Sentences with phrase «challenger banks such»
According to a YouGov survey of over 2000 UK consumers commissioned by the firm, technology - enabled payment providers are more likely to disrupt the banking market than challenger banks such as Metrobank or Virgin Money.
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Sometime in the future, innovative payment models such as Square, Clinkle and Bitcoin will become serious challengers to traditional banks, which will spur more competition and give customers even more options.
A wave of challengers such as online banks have focused on delivering solid value for money in addition to good customer service.
The trend toward tech - centric, mobile banks has already started in Europe, where relaxed regulations have led to so - called «challenger» banks such as N26 in Germany, Monzo in Italy and Revolut in the UK, says Britt.
That will undoubtedly give further rise to TransferWise being compared to newer fintech upstarts, such as Revolut or a plethora of bona - fide challenger banks.